International banks warn of low oil price to $ 10

therealbubbie

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Posts : 1031Join date : 2012-04-10

Issued a number of major international banks warnings of a further decline in crude oil prices to reach $ 10. And published the Daily Telegraph newspaper published an article based on the warnings of a number of major banks of the decline in the price of crude oil price per barrel has bidden to $ 10. The article says, you typed Contacted economic affairs in the newspaper Mehreen Khan, said that the current oil prices, which fell below $ 30 amid warnings that it could fall to about $ 10. According to the writer that Standard Chartered Bank was another bank, which reduced the future expect oil prices to $ 10 joining a banks such as Goldman Sachs, RBS and Morgan Stanley. The article points out that the price of Brent crude has fallen to its lowest level in 12 years, which is 30.41 per barrel, while West Texas Intermediate crude trading dropped to $ 29.93, a level reached last time In December / December 2013. The analysts warned that the oil market will remain balanced substantially, as long as there is an increase in the supply and processing and the stagnation in demand for oil. The article says that the last time the Oil prices fell to a level of $ 10 was at the height of the Asian financial crisis in 1998.